Bessemer Group Inc. Increases Stake in Manhattan Associates, Inc. $MANH

Bessemer Group Inc. increased its stake in Manhattan Associates, Inc. (NASDAQ:MANH) by 6.2% in the first quarter, Holdings Channel.com reports. The institutional investor owned 670,427 shares of the software maker’s stock after acquiring an additional 39,125 shares during the period. Bessemer Group Inc.’s holdings in Manhattan Associates were worth $89,247,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MANH. Eagle Bay Advisors LLC purchased a new position in shares of Manhattan Associates during the 4th quarter worth approximately $27,000. Caitong International Asset Management Co. Ltd boosted its position in shares of Manhattan Associates by 448.0% during the third quarter. Caitong International Asset Management Co. Ltd now owns 137 shares of the software maker’s stock valued at $28,000 after purchasing an additional 112 shares in the last quarter. BNP Paribas bought a new stake in shares of Manhattan Associates during the fourth quarter valued at approximately $39,000. TD Private Client Wealth LLC grew its stake in Manhattan Associates by 83.8% in the fourth quarter. TD Private Client Wealth LLC now owns 239 shares of the software maker’s stock worth $41,000 after purchasing an additional 109 shares during the period. Finally, V Square Quantitative Management LLC bought a new position in Manhattan Associates in the fourth quarter worth $44,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have commented on MANH. Stifel Nicolaus set a $200.00 price objective on Manhattan Associates in a research report on Wednesday, May 20th. Weiss Ratings upgraded shares of Manhattan Associates from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. DA Davidson reissued a “buy” rating and set a $200.00 price target on shares of Manhattan Associates in a research report on Wednesday, May 20th. Rothschild & Co Redburn set a $145.00 price objective on shares of Manhattan Associates in a research note on Thursday, April 16th. Finally, Robert W. Baird upped their price objective on shares of Manhattan Associates from $183.00 to $186.00 and gave the stock an “outperform” rating in a report on Wednesday, April 22nd. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Manhattan Associates has a consensus rating of “Moderate Buy” and an average price target of $199.45.

Insider Activity

In other news, EVP James Stewart Gantt sold 7,300 shares of the stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $139.25, for a total transaction of $1,016,525.00. Following the sale, the executive vice president owned 60,815 shares in the company, valued at $8,468,488.75. This represents a 10.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Eric Andrew Clark sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $146.77, for a total transaction of $146,770.00. Following the sale, the chief executive officer directly owned 92,638 shares of the company’s stock, valued at $13,596,479.26. This trade represents a 1.07% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.84% of the stock is currently owned by insiders.

Manhattan Associates Trading Up 0.0%

NASDAQ MANH opened at $163.19 on Friday. Manhattan Associates, Inc. has a 12 month low of $119.06 and a 12 month high of $247.22. The stock has a market cap of $9.66 billion, a P/E ratio of 45.71 and a beta of 0.97. The stock’s fifty day moving average price is $143.56 and its 200-day moving average price is $145.74.

Manhattan Associates (NASDAQ:MANH) last posted its quarterly earnings results on Tuesday, April 21st. The software maker reported $1.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.14. The firm had revenue of $282.21 million during the quarter, compared to analyst estimates of $273.70 million. Manhattan Associates had a return on equity of 78.13% and a net margin of 19.68%.Manhattan Associates’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.19 EPS. Manhattan Associates has set its FY 2026 guidance at 5.290-5.370 EPS. As a group, analysts forecast that Manhattan Associates, Inc. will post 3.72 earnings per share for the current fiscal year.

Manhattan Associates Profile

Manhattan Associates, Inc (NASDAQ: MANH) is a provider of supply chain and omnichannel commerce software solutions designed to optimize the flow of goods, information and funds across enterprise operations. Its flagship offerings include warehouse management, transportation management, order management and omnichannel fulfillment applications. These solutions are delivered through a cloud-native platform called Manhattan Active, which enables retailers, manufacturers, carriers and third-party logistics providers to orchestrate inventory, manage distribution and improve customer service in real time.

Key product areas include Manhattan Active Warehouse Management, which automates and optimizes warehouse operations from receiving through shipping; Manhattan Active Transportation Management, supporting carrier selection, routing and freight payment; and Manhattan Active Omni, which unifies order capture, inventory visibility and fulfillment across stores, distribution centers and e-commerce channels.